Hope Cochran Sells 1,566 Shares of MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope Cochran sold 1,566 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the transaction, the director directly owned 25,444 shares in the company, valued at approximately $8,754,008.20. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MongoDB Price Performance

NASDAQ MDB traded down $13.59 during trading hours on Monday, hitting $319.16. The company’s stock had a trading volume of 2,100,625 shares, compared to its average volume of 2,014,355. MongoDB, Inc. has a 12 month low of $196.00 and a 12 month high of $444.72. The company’s 50 day simple moving average is $304.76 and its two-hundred day simple moving average is $335.30. The company has a market cap of $25.67 billion, a P/E ratio of -862.59, a price-to-earnings-growth ratio of 1,200.08 and a beta of 1.57.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB’s revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts predict that MongoDB, Inc. will post 0.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDB. Citizens Jmp restated a “market outperform” rating and issued a $366.00 target price on shares of MongoDB in a report on Friday, May 29th. Weiss Ratings downgraded MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Tigress Financial upped their price objective on MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Guggenheim reiterated a “buy” rating and set a $475.00 price objective on shares of MongoDB in a research report on Friday, May 29th. Finally, Monness Crespi & Hardt raised their target price on MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Twenty-eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $396.39.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clark Financial Services Group Inc. BD increased its holdings in MongoDB by 1.5% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after acquiring an additional 25 shares in the last quarter. Root Financial Partners LLC lifted its holdings in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after purchasing an additional 32 shares in the last quarter. True Wealth Design LLC boosted its position in shares of MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares during the period. HighPoint Advisor Group LLC boosted its position in shares of MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after purchasing an additional 36 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company’s stock worth $458,000 after purchasing an additional 36 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.